Blue Bear Capital, a venture and growth equity firm focused on AI-powered solutions for the world’s energy, infrastructure, and climate challenges has held the oversubscribed final close of its second venture capital fund at its hard cap of $150 million.
“Trillions of dollars will be spent to scale renewable energy, modernize infrastructure, and secure sustainable supply chains,” says Blue Bear partner Ernst Sack. “Meanwhile artificial intelligence is redefining how data is captured, decisions are made, and relationships are built all around us. Where these two forces converge — applying the power of AI-enabled technologies to the immense challenges of the energy transition — is where Blue Bear sees the greatest investment and impact opportunity of our lifetimes.”
The new fund will continue to focus at the early revenue stage and help companies scale in customers, product, and talent through Blue Bear’s network of thousands of industry contacts including corporate and private equity leaders who often sit on the boards of major customers and future strategic partners. Blue Bear’s model helps companies build past the startup phase and engage with large institutions and public equity markets which are increasingly looking for climate solutions with proven business execution.
